It remains crazy: After Palantir presented strong figures on Monday evening after the market closed, everything was actually set for a solid day on the US stock exchanges. At first it started off quite well. Then a selloff in tech stocks followed. Meanwhile, the price of oil rose. Bitcoin, in turn, fell to its lowest level since Trump’s election victory.
Oil prices and energy company prices rose after the US Navy shot down an Iranian drone that was heading for an aircraft carrier in the Arabian Sea.
The Dow Jones had meanwhile even risen to a new all-time high, but was recently slightly in the red. The S&P 500 fell by 0.8 percent, the Nasdaq fell even more sharply at 1.6 percent.
Infront Nasdaq 100
(WKN: A0AE1X)
A decline in software manufacturers in particular had a negative impact. Anthropic’s automation tool increased fears that the core business of SAP, Salesforce and Co. is at risk. IBM lost more than six percent, Salesforce more than seven percent. Shopify around ten percent.
Some unknown companies were hit even harder. Legalzoom is a representative example with a loss of almost 20 percent.
LegalZoom. com Inc
(WKN: A1J2MD)
The background is a market rotation and a certain risk-off mode, from which Bitcoin also suffered. The crypto value temporarily fell below $73,000 today. The lowest level since Donald Trump’s election victory at the end of 2024. Counterexample Walmart: Today, with an increase of 2.9 percent, the company was more valuable than a trillion dollars for the first time. This means that Walmart is playing in a league in which previously only tech giants such as Nvidia, Alphabet, Microsoft and Apple were.
Bitcoin
(ISIN: CRYPT0000BTC)
According to figures, AMD fell around five percent to $230 after the trading session, although at first glance the company delivered good results. However, the outlook for the current quarter was somewhat disappointing.
Overall, not much has changed after today. It is not unusual for software stocks and AI plays to correct themselves from time to time. The major indices are still near their all-time highs.
You can read about what else was important about the US market in the following articles.
